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1388 Joseph E Boone NW Blvd Atlanta, GA 30314-2049

OFF-MARKET Retail space Google Maps
4,510 SF 0.23 ac lot Built 1954
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$195k
Range $176k – $215k (±10%)
Property ID US22-1735580

Property summary

AI-generated overview

This exceptional investment opportunity presents a prime retail property located at 1388 Joseph E Boone Boulevard NW, Atlanta, GA 30314. The property, built in 1954, sits on a 0.234-acre lot and encompasses a single building. Currently operating as a well-established business with multiple revenue streams including an ATM and gaming machine, this restaurant and bar offers immediate income generation. The lease has 12+ years remaining, providing long-term financial stability. Strategically located near a MARTA station, the Westside Beltline, and Mercedes-Benz Stadium, this property benefits from exceptionally high foot traffic and convenient access. This location within Fulton County, Georgia, offers a unique blend of historical charm and modern amenities, creating a highly desirable environment for both businesses and customers. The asking price is $999,900, representing a reduced price for a quick sale. This presents a rare chance to acquire a thriving business in a rapidly growing area of Atlanta. The property's strong existing income stream, combined with its prime location and long-term lease, makes it an ideal investment for those seeking immediate returns and significant future growth potential. Don't miss this chance to secure a piece of Atlanta's vibrant commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction WOOD
Total area 4,510 SF
Lot 0.23 ac (10,193 SF)
Zoning code R4
APN 14 014200020347
UPID US22-1735580

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$367k
Blend (final) Blend
$195k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2012
$400,000

Zoning & alternative use

R4 · Atlanta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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